1. Alcoa stock traded at $70 per share. Pete and his partner Al decided to sell 100 shares for a total of $7,000. The stock was purchased for $65 per share (100 x $65 = $6,500) for a gain of $500. Pete invested twice as much as Al in the purchasing of the shares. How much should Pete receive and how much should Al receive of the gain? Round to the nearest cent

accounting - Finishing Touches has two classes of stock authorized: 8%, $10 par ...
accounting - Jones Company is authorized to issue 20,000 shares of no-par, $5 ...
accounting - Pearson began 20XX with 30,000 $1 common shares issued and ...
Accounting - A company had stock outstanding as follows during each of its first...
personal finance - Jo owns 150 shares of Delta General stock. She purchased the ...
accounting - Assume that the following transactions affected owners' equity for ...
College Accounting - A company had stock outstanding as follows during each of ...
Math - Michael purchased a certain number of share of one stock for a total of $...
Math - Michael purchased a certain number of share of one stock for a total of $...
Accounting - Effect of Stock Split Gino's Restaurant Corporation wholesales ...